Public Works Construction
The public works construction industry is wrought with guidelines, regulations and requirements. Companies operating within this industry are held to high standards, and they are also exposed to a great deal of risk. As a result, businesses in the public works construction industry must select insurance policies carefully, manage claims efficiently and engage in effective loss control in order to succeed. Fortunately, the Warren G. Bender Co. understands the nuances of this particular industry.
Insurance Products for Public Works Construction
Companies involved in public works construction projects typically need the following types of insurance:
Commercial General Liability Insurance for Contractors
Designing an insurance and risk management program for a contractor begins with the Commercial General Liability (CGL) policy. This policy creates the backbone by which other policies are subsequently integrated to coordinate coverages, such as Builder’s Risk, Umbrella/Excess Liability, Professional Liability or Contractor’s Pollution Liability. These coverages should be reviewed in tandem to be sure gaps are properly identified and addressed.
The CGL policy provides coverage for liability arising from bodily injury, personal injury or damage to property of third parties.
Commercial Auto Insurance
Commercial auto insurance protects your company from financial liability when accidents involving commercial automobiles cause injury or property damage. Depending on the options chosen, this type of insurance may also protect your investment in commercial automobiles.
Workers’ Compensation Insurance
We recognize our responsibility to monitor the entire Workers’ Compensation process — from coverage placement, classification review, to payroll audit processes and claims management. We don’t just react to changes in the Workers’ Comp environment; we pay attention and act preventively.
Most of the types of insurance listed above are not only recommended, but also required by law. The Warren G. Bender Co. can help you select policies that satisfy all of the legal requirements for public works construction contracts and provide adequate protection for your company.
Contact the Warren G. Bender Co.
In addition to helping you insure your company, the Warren G. Bender Co. can also provide a number of other services, including loss prevention, risk analysis, claims management, employee benefits administration and more. Contact us today to discuss your business’s unique needs. We look forward to working with you!